NISM Series XIII Mock Test 6

NISM Series XIII Mock Test 6

NISM Series XIII (Common Derivative) Exam | Mock Test 6

1 / 18

If 1-year interest rate is 2% in the US & 10% in India, and USD/INR is 44, what is the expected 6-month future rate?

2 / 18

A calendar spread consists of buying & selling futures on ______

3 / 18

What is the underlying asset for an interest rate future?

4 / 18

A person wants to buy GBP/INR one-month future at 80.50 when the current price is 80.80 & enters a limit order for 80.50. Assume the market moves in the range of 80.40–80.91 after he entered a limit order. At what price is his order likely to get executed?

5 / 18

Yield-to-maturity (YTM) assumes which of the following?

6 / 18

If an Option has a high Gamma, what can be said about Option’s Delta?

Explanation:

  • Sell USD at OTC @ 84.00
  • Buy back USD via Futures at 84.50 (i.e., locking future purchase lower than current sale)
  • Arbitrage profit: 84.75 (OTC bid) – 84.00 (Futures ask) = ₹0.75

7 / 18

In OTC, USD/INR is 83.75/84.00. Futures quote at 84.50/84.60. What is the best arbitrage trade & profit per USD?

8 / 18

Given in-the-money situation, with an increase in Strike Price, the premium for Call Option ______ & for Put Option ______

9 / 18

What risk do you face if the prices of cash T-bill & T-bill futures are not the same?

10 / 18

You expect GBP/USD to rise from 1.63 to 1.68. How should you trade GBP/INR & USD/INR futures?

11 / 18

When did SEBI permit BSE & NSE to introduce the equity derivatives segment?

12 / 18

What is the agreement called where two parties agree to exchange cash flows in the future based on a pre-determined formula?

13 / 18

Open interest represents the total number of ____ for an underlying asset

14 / 18

In a futures market, the ___ decides all the terms of the contract other than price

15 / 18

What is the primary purpose of requiring margins in futures contracts?

16 / 18

Who purchases an asset at a low price in one market & sells it at higher price in another?

17 / 18

Current price of XYZ stock is Rs 286. Rs 260 strike call is quoted at Rs 45. What is the Intrinsic Value?

Explanation:
When you sell a put option, your maximum loss = Strike Price – Premium = 250 – 50 = Rs 200

18 / 18

You sold a put option on a share. The strike price of the put was Rs 250 & you received a premium of Rs 50. Theoretically, what can be your maximum loss in this position?

Your score is

The average score is 72%

0%

This NISM Series XIII mock test will help you familiarize yourself with the exam format, assess your knowledge, and identify areas that may need further study.

Remember that while mock tests can benefit practice, it’s important to understand the concepts and principles behind each question thoroughly.

Good luck with your preparation for the NISM Series XIII (Derivatives) exam!NISM Series XIII mock test
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